Press release
Global Point-of-Sale Terminals Market: Growth Potential, Market Size and Forecast for 2024-2029
Point-of-Sale Terminals Market
What Is The Projected Market Size Of The Global Point-of-Sale Terminals Market And Its Growth Rate?
The Point-of-Sale Terminals market has been seeing significant growth in recent years. Key statistics include:
• 2024 Market Size: $99.99 billion
• 2025 Market Size: $107.16 billion (7.2% CAGR)
• 2029 Market Size: $169.69 billion (12.2% CAGR)
Growth in the historic period is due to factors such as digital payment adoption, regulatory compliance, mobile and wireless connectivity, while future growth can be attributed to rapid digital transformation, contactless payment adoption, and technological advancements.
What Is Driving The Growth In The Point-of-Sale Terminals Market?
The increasing demand for contactless and cashless payments is expected to propel the growth of the point-of-sale terminal market. These payment methods, which replace cash registers with digitized systems, have seen a notable increase. For example, in June 2022, India Brand Equity Foundation reported a rise in contactless transactions from 25% in 2020 to 31% by 2022. This indicates a growing trend towards cashless and contactless payments, driving growth in the point-of-sale terminal market.
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Who Are the Key Players Driving Point-of-Sale Terminals Market Growth?
Key players in the Point-of-Sale Terminals market include:
• Samsung Electronics Co. Ltd.
• NEC Corporation
• Panasonic Corporation
• Toshiba Corporation
• VeriFone Systems Inc.
• Qashier PTE Ltd.
• Newland Payment Technology
• GK Software SE
• PAX Technology Limited
• iMetrics Pte Ltd
• Acrelec Group SAS
• AURES Technologies SA
• NCR Corporation
• Presto Group LLC
• Qu Inc.
• Quail Digital Limited
• Revel Systems Inc.
• Toast Inc.
• TouchBistro Inc.
• Xenial Inc.
• Posist Technologies Private Limited
• Ingenico Group S. A.
• BBPOS Limited
• Honeywell International Inc.
What Are The Key Trends In The Point-of-Sale Terminals Market?
Major trends in the forecast period include:
• Contactless payment solutions
• Omnichannel integration
• Mobile POS (MPOS) systems
• Enhanced security measures
• Cloud-based POS solutions
• Technological advancements
What Are The Segments Of The Global Point-of-Sale Terminals Market?
The Point-of-Sale Terminals market is segmented by:
• Product: Mobile, Fixed
• Component: Hardware, Software, Service
• Technology: Biometric, Traditional
• Operating System: Windows, Linux, MAC
• Application : Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications
Which Region Leads The Point-of-Sale Terminals Market?
Asia-Pacific was the largest region in the point-of-sale terminals market in 2024 and is expected to be the fastest-growing region in the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Point-of-Sale Terminals Market Global Market Report?
- Market Size Analysis: Analyze the Point-of-Sale Terminals Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Point-of-Sale Terminals Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Point-of-Sale Terminals Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Point-of-Sale Terminals Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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